Cisco Systems' outlook fails to excite Wall Street


Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, February 14th. The titles are as follows: "Earnings Scheduled For May 16, 2018" announced on May 16, 2018, "Cisco Systems: Last Chance To Buy?" on April 24, 2018, "Can Cisco Keep Up the Pace With Earnings?" with a publish date: May 16, 2018, "Cisco Systems Remains Top-Performing Dow Stock in 2018" and the last "Cisco Expects Another Quarter of Growth" with publication date: May 15, 2018. AE Wealth Management LLC's holdings in Cisco Systems were worth $690,000 at the end of the most recent reporting period. Stonebridge Capital Advsr Lc holds 0.73% of its capital in Cisco Systems, Inc. The network equipment provider reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04.

Cisco's new business model will deliver faster revenue growth when the company makes additional progress moving traditional switching and routing customers over to products that carry software subscriptions, he said. Since November 17, 2017 according to StockzIntelligence Inc Cisco Systems has 32 analyst reports. During the same quarter in the previous year, the business earned $0.57 EPS. For the next year, analysts anticipate that the company will report sales of $50.61 billion per share, with estimates ranging from $49.90 billion to $51.55 billion. Finally, Syntal Capital Partners LLC bought a new position in shares of Cisco Systems during the 3rd quarter worth approximately $147,000. They noted that the move was a valuation call. In Tuesday, February 13 report Citigroup maintained it with "Buy" rating and $46 target. UBS maintained it with "Buy" rating and $29 target in Thursday, February 11 report. Zacks Investment Research's sales averages are a mean average based on a survey of analysts that that provide coverage for Cisco Systems. The stock of Cisco Systems, Inc. Insiders have sold 46,986 shares of company stock worth $2,116,422 in the last ninety days. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. (NASDAQ:CSCO) shares with value of $550,153 were sold by BURNS M MICHELE. The shares were sold at an average price of $44.10, for a total transaction of $625,734.90. Following the sale, the director now directly owns 74,479 shares in the company, valued at $3,379,112.23. The disclosure for this sale can be found here. Moreover, Zpr Investment Management has 0.4% invested in the company for 57,213 shares.

734 hedge funds increased and opened new equity positions, while 711 reduced and sold positions in Cisco Systems Inc so the sentiment improved.

Cisco Systems Inc. shares slipped in extended trading after the network-equipment maker's fourth-quarter forecasts fell short of Wall Street's most optimistic projections. Stifel Financial Corp raised its holdings in Cisco Systems by 6,109.5% during the third quarter. Commerce Bank now owns 1,268,079 shares of the network equipment provider's stock worth $39,691,000 after buying an additional 627,692 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Cisco Systems by 23.6% in the third quarter. Cornerstone Advisory LLP now owns 8,355 shares of the network equipment provider's stock worth $262,000 after buying an additional 494 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. lifted its holdings in Cisco Systems by 320.0% during the 4th quarter. Delphi Private Advisors LLC raised its stake in shares of Cisco Systems by 307.8% during the 4th quarter. Closing price generally refers to the last price at which a stock trades during a regular trading session. 31,146,190 shares of the company traded hands, compared to its average volume of 27,168,168. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.38 and a current ratio of 2.43. Cisco Systems has a 1-year low of $45.14 and a 1-year high of $45.54. (CSCO), Week Volatility is 1.44%, whereas Month Volatility is at 2.11%.

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As of Q4 2017 Jupiter Asset Management Ltd has 9.57% invested in Cisco Systems Inc. The ex-dividend date is Wednesday, April 4th.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide.The company has $217.75 billion market cap.

The company declared and paid a cash dividend of $0.33 per common share, or $1.6 billion.